Fixed Price Contract Sample Clauses
A Fixed Price Contract is an agreement where the payment amount for goods or services is set in advance and does not change regardless of the actual costs incurred by the contractor. In practice, this means the contractor is paid a predetermined sum for completing the specified work, even if their expenses are higher or lower than expected. This type of clause is commonly used in construction or procurement projects to provide cost certainty for the buyer and incentivize the contractor to control costs. Its core function is to allocate the risk of cost overruns to the contractor, ensuring budget predictability for the client.
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Fixed Price Contract. All prices offered and accepted are firm for the initial term of the Contract. Contract Vendors may not change or negotiate Contract prices – higher or lower – with other state participants or any audiologist that is authorized to use the Contract. ITEMS OFFERED AS NEW. All products, material, supplies and equipment offered and furnished must be new, of current manufacturer production, and must have been formally announced by the manufacturer as being commercially available as of the date of the solicitation opening, unless otherwise stated in this solicitation. FREIGHT (FOB). Orders shall be shipped FOB Destination, prepaid and allowed. Freight costs shall be included in the bid unit price.
Fixed Price Contract. This is a fixed price Contract for the Services specified and stated elsewhere in the Contract.
Fixed Price Contract. Subject to the provisions contained in clauses 3 and 4 of these Further Terms, the Purchase Price shall be deemed to be a fixed contract price and the Vendor shall not be entitled to increase the Purchase Price as a result of any additional costs.
Fixed Price Contract. This is a fixed price contract. Except as otherwise expressly provided in this contract, or expressly agreed to by the parties, the total price paid to a Contractor must be fixed as provided in this contract. Except as provided in this contract, no special fees or expenses shall be charged directly to the Agency, including labor, materials, equipment, insurance, packing, freight, travel, parking, or any other costs incurred in producing and delivering the books.
Fixed Price Contract. Management Fee/Meal: Estimated Total Contract Value: Meal Equivalent Factor (MEF): $ $ $
Fixed Price Contract. The Contractor will be paid $[insert] per hour [insert inclusive or exclusive of GST] to provide the services outlined in “Schedule 1” in the financial year 2021-22. Note – the hourly rate paid to the Contractor will include a 1.5 per cent annual increase in 2022-23 and 2023-24 as required in the Group’s 2021-24 Victorian Landcare Facilitator Program Funding Agreement with DELWP.
Fixed Price Contract. Contract by which the vendor receives a fixed-fee per unit (per meal) as payment for the specified term of the contract.
Fixed Price Contract. This Agreement represents a “fixed amount subaward” as defined in 2 CFR §200.201 for the broadband infrastructure project set forth in this Agreement. Payments will be based on Provider meeting specific requirements of the federal award, and OSIT’s acceptance of the work, more
Fixed Price Contract. Customer agrees to pay a fixed price for the work as follows: ● Contract price* $ ● Sales tax $ ● Total price $ ● Down Payment**: $ *The fixed contract price does not include applicable permit fees **Down payment is due upon execution of this Agreement. TIME & MATERIALS CONTRACT. Unless a Guaranteed Maximum Price (GMP) is quoted below, the Customer shall be charged for all labor, materials, equipment, and subcontractor’s costs together with a 20% mark-up. Labor and truck equipment shall be charged per Section 7 below. Work performed on a Time & Materials Contract is subject to a potential savings bonus pursuant to Section 4 of this Agreement. ● Guaranteed Maximum Price: $ ● Down Payment: $ Page 1 JNW, Inc. d/b/a ▇▇▇▇▇▇▇ Sign Company
Fixed Price Contract. The term ‘‘fixed-price contract’’ means a contract between a retailer and a consumer under which the retailer charges the consumer a set price for propane, kerosene, or heating oil without regard to market price fluctua- tions.